Crown CastleCCI
Market Cap: 46.7B
About: Crown Castle International owns and leases roughly 40,000 cell towers in the United States. It also owns more than 85,000 route miles of fiber. It leases space on its towers to wireless service providers, which install equipment on the towers to support their wireless networks. The company's fiber is primarily leased by wireless service providers to set up small-cell network infrastructure and by enterprises for their internal connection needs. Crown Castle's towers and fiber are predominantly located in the largest US cities. The company has a very concentrated customer base, with about 75% of its revenue coming from the big three US mobile carriers. Crown Castle operates as a real estate investment trust.
Employees: 5,000
Fund manager confidence
Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)
9% more call options, than puts
Call options by funds: $285M | Put options by funds: $263M
4% more repeat investments, than reductions
Existing positions increased: 465 | Existing positions reduced: 446
0.63% less ownership
Funds ownership: 91.0% [Q4 2023] → 90.37% (-0.63%) [Q1 2024]
4% less funds holding
Funds holding: 1,204 [Q4 2023] → 1,152 (-52) [Q1 2024]
9% less capital invested
Capital invested by funds: $45.5B [Q4 2023] → $41.5B (-$3.96B) [Q1 2024]
24% less funds holding in top 10
Funds holding in top 10: 21 [Q4 2023] → 16 (-5) [Q1 2024]
33% less first-time investments, than exits
New positions opened: 108 | Existing positions closed: 160
Research analyst outlook
16 Wall Street Analysts provided 1 year price forecasts over the past 6 months
16 analyst ratings
RBC Capital Jonathan Atkin | 3%downside $104 | Sector Perform Maintained | 25 Jul 2024 |
Deutsche Bank Matthew Niknam | 2%downside $105 | Hold Maintained | 23 Jul 2024 |
BMO Capital Ari Klein | 0%upside $108 | Market Perform Maintained | 18 Jul 2024 |
B of A Securities David Barden | 2%upside $110 | Neutral Maintained | 18 Jul 2024 |
TD Cowen Gregory Williams | 18%upside $127 | Buy Maintained | 18 Jul 2024 |
Financial journalist opinion
Based on 26 articles about CCI published over the past 30 days